Financial Services Institute Inc. (FSI)
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Finra expected to adopt CARDS despite vocal industry resistance
Opponents like SIFMA and FSI remain wary of the potential costs, customer data security, but Finra asserts that CARDS will help investors.
Advisers hope GOP Senate will be good for Washington productivity
Investment advisers optimistic that Republican takeover of the Senate will create a better political atmosphere.
FSI offers long-term disability, life insurance to members
Program guarantees members coverage at a group rate FSI has secured as the plan sponsor.
The case against state-run retirement plans
While most Americans are not aware of it, a broad nationwide trend is underway that could profoundly impact the choices and tools that are available to them as they plan for retirement. Across the country, state legislators have introduced bills that would establish state-run or state-assisted ...
Helping advisers help themselves in succession planning
At September gathering, FSI plans focus on M&A, practice valuation, contracts, deal structures and best practices for implementing a succession plan.
The rewards of engaging with Congress
Recent history shows that connecting with legislators in Washington is time well spent.
FSI gives revised Finra BrokerCheck link rule the thumbs down
In a new comment letter, the industry group contends that the rule would create undue regulatory costs.
CARDS proposal poses challenges, unintended consequences
Though well-intended, Finra's plan could come with new security concerns and costs
FSI opposes Finra proposal for automated account information collection
CARDS would pose risks and challenges to its members, broker-dealer group contends.
FSI to push for independent-contractor legislation in 2014
Live from FSI OneVoice: Group wants to remove the uncertainty of continuing IRS scrutiny. Check out a video interview with Dale Brown, where the organization's president and CEO offers his Finra wish list.
Advisers dubious about chances of government action – any government action
Independent financial advisers expect another year of tepid economic growth in the U.S. as lawmakers continue to avoid a permanent deal on the country’s debt issues. Most advisers — nearly six in 10 — expect the economy and stock market to stay flat next year, but about a third expect improvement
Lobbyists put hands in sausage maker
As the Department of Labor readies to re-propose its fiduciary-duty rule, lobbying surrounding the issue intensifies. Did the Financial Services Institute Inc. draft an opposition letter signed by lawmakers? Probably; but that's not a scandal. That's business as usual in Washington.
BrokerCheck link dashed
Finra yanks proposal that would have required reps to post link to database on their web sites, social media pages
Finra's cease-fire on RIA oversight
Regulator is indicating that legislation on SRO proposal might not be revived this year
Finra warned on bonus disclosure plan
The main trade group representing independent-contractor broker-dealers will soon go public with its concerns about a Financial Industry Regulatory Authority Inc. proposal to require brokers to disclose recruiting incentives.